909: According to MIT’s Center for Information Systems Research (CISR) Senior Research Scientist and Chairman Peter Weill, “real-time business” refers to an organization’s ability to make decisions, respond to customer needs, and manage operations instantly using up-to-date data and technology to drive efficiency and outcomes. In this episode of Technovation, Peter High welcomes Weill to discuss his groundbreaking research on real-time business and lessons for executives seeking to transform their organizations. Weill shares how companies are leveraging cloud data, AI, and APIs to enable real-time decision-making, customer onboarding, and employee support. He highlights case studies from companies like Chase and United Airlines, showing how real-time operations have improved customer satisfaction and boosted performance. Weill also emphasizes the importance of digital-savvy leadership, noting that boards and executives with these skills are best positioned to succeed in this new paradigm. Finally, he offers insights into the future of real-time business with Generative AI, which promises to revolutionize customer interactions and internal processes.
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